Plato Racing slipped into administration in August 2026. The move involving the BTCC team succeeded a race victory at Knockhill. Administrators have put Plato Racing on the market subsequent to the move into administration.

News outlets reported that the outfit reached its limit before being made available for sale. Plato Racing is the BTCC team that passed into administration after its Knockhill race victory. The administrators then offered the team for sale. This set of developments occurred in August 2026.